1. Trump tweets: US stock futures dropped sharply after President Donald Trump warned Russia on that it should "get ready" for a missile strike on Syria. "Russia vows to shoot down any and all missiles fired at Syria. Get ready Russia, because they will be coming, nice and new and 'smart,' " Trump tweeted.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | +45.00 | | +18.00 | | +3.75 | | +0.19% | | +0.27% | | +0.14% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | -7.03 | | -15.41 | | -9.61 | | 21,680.07 | | 3,192.67 | | 7,257.14 | | -0.03% | | -0.48% | | -0.13% | | | |
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| | | Biggest Winners | | 3M Co | +1.87% | | | | Marathon Oil Corp | +1.60% | | | | PayPal Holdings Inc | +1.25% | | | | Hilton Worldwide Holdings Inc | +1.09% | | | Biggest Losers | | HP Inc | -1.67% | | | | Arconic Inc | -1.48% | | | | Envision Healthcare Corp | -1.37% | | | | Mylan NV | -0.94% | | | | | | | |
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| News: What you need to know about the markets | | | | | | | Trump tweets; Zuckerberg testifies; Inflation watch | By Ivana Kottasová
Wednesday, April 11th, 7:37am | | | | 1. Trump tweets: US stock futures dropped sharply after President Donald Trump warned Russia on that it should "get ready" for a missile strike on Syria. | | | | "Russia vows to shoot down any and all missiles fired at Syria. Get ready Russia, because they will be coming, nice and new and 'smart,' " Trump tweeted. | | | | US crude oil prices zoomed higher following the tweet. They were trading 1% higher at $66.20. US stock futures pointed to losses in the range of 1% when markets open. | | | | Investors are worried about a wider military conflict in the Middle East. | | | | European markets posted losses of less than 1% on Wednesday following a mixed session in Asia. | | | | 2. Facebook watch: Investors seemed satisfied with CEO Mark Zuckerberg's performance during congressional testimony on Tuesday. But another round of questioning looms. | | | | Zuckerberg faced senators a month after news broke that Cambridge Analytica, a data firm with ties to President Donald Trump's campaign, accessed information from as many as 87 million Facebook users without their knowledge. | | | | The CEO formally apologized for mistakes that led to the scandal and stressed that his company is rethinking its responsibility to users and society. | | | | Shares in Facebook soared 4.5% on Tuesday. | | | | Zuckerberg will testify on Wednesday before the House Energy and Commerce Committee. | | | | 3. Trade war fears ease: US markets rallied on Tuesday after Chinese President Xi Jinping said that his government plans to "significantly lower" tariffs on imported cars this year. | | | | The Dow Jones industrial average gained 1.8%. The S&P 500 added 1.7%, while the Nasdaq soared 2.1%. | | | | Automakers drove the rally: GM, Ford, Honda and Tesla all gained ground. Boeing and Caterpillar, two American companies that could lose out from a trade war, climbed nearly 4%. | | | | The head of the International Monetary Fund Christine Lagarde weighted in on Wednesday, warning that escalating tensions are putting the global trading system at risk. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 4. Interest rates watch: The US Labor Department will release its March consumer price index at 8:30 a.m. ET. | | | | The Federal Reserve will follow with the minutes from its late March meeting at 1:00 p.m. ET. Investors fear that if inflation takes off, the central bank could raise interest rates faster than it plans to. | | | | 5. Earnings and economics: Bed Bath & Beyond will release earnings after the close. | | | | Mario Draghi, president of the European Central Bank, is expected to speak in Frankfurt at 6:00 a.m. ET. | | | | UK construction output continued its recent decline, falling by 1.6% in February over the previous month. Manufacturing continued to grow on annual basis, but at slower pace than expected. The UK trade deficit widened. | | | | Investors will be watching for new US crude inventories data at 10:30 a.m. ET. | | | | Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon. Sign up now! | | | | | | | |
| | | | | | Wednesday — Zuckerberg testifies; Fed minutes; CPI; Bed Bath & Beyond earnings
Thursday — BlackRock, Delta, Rite Aid earnings
Friday — Citi, JPMorgan, PNC, Wells Fargo earnings | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $67.08 | +0.26 / +0.39% | | | Gold | $1,354.40 | -5.60 / -0.41% | | | 10-yr | 2.79% | -0.01 / -0.25% | | | Euro | $1.24 | -0.00 / -0.05% | | | |
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